What do you think about it?
Note
Thanks for the comments. Guys, I'm sorry for not explaining my ideas. English is not my native language. Writing comprehensive and correct explanations takes me a long time. So I'm trying to simply and clearly visualize my observations on the charts.
On this chart I tried to show a sequence of price movements, which are repeated for the fourth time in a row.
Red - falling after growth.
Orange - flat after falling.
Violet - falling after flat.
Green - rebound after fall.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.